secwatch.observer — SEC 8-K summary
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Issuer:     Beam Global (BEEM)
CIK:        0001398805
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001683168-24-008144
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beam Global Q3 2024: Revenue $11.5M, gross margin 10.7%, net income $1.3M
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- Revenue of $11.5M, second highest Q3 ever, down 22% from Q2 2024 due to order timing and election uncertainty.
- Gross margin 10.7% of sales (up 9pp YoY); net of non-cash items gross margin was 17.6%.
- Net income of $1.3M vs net loss $3.6M in Q3 2023, driven by $6.1M non-cash reversal of contingent consideration.
- Pipeline over $200M record; backlog $7M; debt free with $100M credit line unused.
- Operational: acquired Telcom for in-house power electronics; launched 4 new products; first European order delivered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824008144/0001683168-24-008144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1398805/000168316824008144/beam_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008144

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer